Ah, someone talking sense finally ... no, let your friends continue the tapering dream - so we wake up one day, and reality kicks in!
Fed's George wants rate hikes, open to big balance sheet
Kansas City Federal Reserve Bank President Esther George said Thursday she is open to leaving the U.S. central bank's balance sheet big even as it withdraws accommodation, a comment that reveals the extent of uncertainty at the Fed over future policy. The Fed's balance sheet now tops $4 trillion after years of buying bonds to boost the economy, a policy that George has opposed for years. At Stanford University's Hoover Institution conference on central banking, she reiterated her view that the Fed should start to raise rates "shortly after" it ends its current round of bond-buying, and that rate rises should be ... (full story)